Rehabilitation of Armenian transit roads estimated at 80-100 billion drams
24.11.2011,
21:35
The total cost of rehabilitation and repair of major transit highways in Armenia is estimated at about 80-100 billion drams, Transport and Communication Minister Manuk Vardanyan said today after the government approved the concept for the restoration and
YEREVAN, 24 November. / ARKA /. The total cost of rehabilitation and repair of major transit highways in Armenia is estimated at about 80-100 billion drams, Transport and Communication Minister Manuk Vardanyan said today after the government approved the concept for the restoration and repair of the main transit roads of the country.
The minister explained at a recurrent Cabinet session that the concept calls for full restoration and rehabilitation of transit road networks, including, the construction of North-South transport corridor, as well as the reconstruction of highways stretching towards Georgian border.
"The total length of the roads to be repaired is 440 km, the cost of rehabilitating a kilometer of roadway is 150 million drams," he added.
The minister said also that major funding will come from donors. The concept is designed for 4-5 years.
The Armenian government approved January 14, 2010 the investment program to build the North-South transport corridor, as well as a $500 million framework loan agreement with the Asian Development Bank.
The first tranche of the ADB loan in the amount of $70 million is planned to be spent on the reconstruction of the sections of roads between Yerevan and Ararat and Yerevan and Ashtarak. The second tranche worth $210 million will be used to reconstruct a stretch between Ashtarak and Talin. The goal of the project is to upgrade Armenia’s main corridor road as part of a broader thrust to improve connectivity, and boost trade, growth and livelihood opportunities in the Caucasus and Central Asia sub-regions. Funds will be released by the Asian Development Bank periodically through a multitranche financing facility.
The transport corridor will stretch from the southern Armenian town of Meghri, on the border with Iran, to Bavra in the north on the border with Georgia. The North-South transport corridor will enable Armenia to mitigate the effects of the blockade imposed by Azerbaijan and Turkey. –0-- ($1 – 384.03 drams). –0--
The minister explained at a recurrent Cabinet session that the concept calls for full restoration and rehabilitation of transit road networks, including, the construction of North-South transport corridor, as well as the reconstruction of highways stretching towards Georgian border.
"The total length of the roads to be repaired is 440 km, the cost of rehabilitating a kilometer of roadway is 150 million drams," he added.
The minister said also that major funding will come from donors. The concept is designed for 4-5 years.
The Armenian government approved January 14, 2010 the investment program to build the North-South transport corridor, as well as a $500 million framework loan agreement with the Asian Development Bank.
The first tranche of the ADB loan in the amount of $70 million is planned to be spent on the reconstruction of the sections of roads between Yerevan and Ararat and Yerevan and Ashtarak. The second tranche worth $210 million will be used to reconstruct a stretch between Ashtarak and Talin. The goal of the project is to upgrade Armenia’s main corridor road as part of a broader thrust to improve connectivity, and boost trade, growth and livelihood opportunities in the Caucasus and Central Asia sub-regions. Funds will be released by the Asian Development Bank periodically through a multitranche financing facility.
The transport corridor will stretch from the southern Armenian town of Meghri, on the border with Iran, to Bavra in the north on the border with Georgia. The North-South transport corridor will enable Armenia to mitigate the effects of the blockade imposed by Azerbaijan and Turkey. –0-- ($1 – 384.03 drams). –0--
